Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
9 Code of Ethics
Primarily the auditors will adhere to code of conducts as per the CDC rules 1994 and laid down
ethics for Directors and senior personnel of government. Additionally they can follow the Code
of Ethics issued by the Institute of Auditors. In case of any conflict, the corporate ethics will
prevail. The given Code of Ethics and Statement of Responsibility in this document are based on
the Statement of Code of Ethics and Statement of Responsibility as prescribed by the Institute of
Internal Auditors, Florida.
Purpose:
Members of the Audit Cell must maintain high standards of conduct in order to effectively
discharge their responsibility.
Applicability:
This code of conduct is applicable to all the members of the Audit Cell. By acceptance, members
assume an obligation of self-discipline above and beyond the requirements of law and
regulations. Standards of conduct set forth in this code of ethics provide basic principles in the
practice of Audit. Members should realize that their individual judgment is required in the
application of these principles. Members who are judged by the Audit Review Committee to be in
violation of the standards of the code of ethics shall be subject to strict actions against them.
Standards of conduct:
• Members shall exercise honesty, objectivity and diligence in the performance of their
duties and responsibilities
• Members shall exhibit loyalty in all matters pertaining to the affairs of the organization or
to whomever they may be rendering the services. However the members shall not
knowingly be part of an illegal or improper activity.
• Members shall not knowingly engage in acts or activities which are discreditable to the
profession of Audit or to their organization.
• Auditor should refrain from entering into any activity which may be in conflict with the
interest of their department or which would prejudice their ability to carry out objectively
their duties and responsibilities
• Members shall not accept anything of value from an employee, client, customer,
supplier, or business associate of their department, which would impair or be presumed
to impair their professional judgment
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